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<Research>M Stanley: GAC GROUP (02238.HK) Collaborates with JD-SW/ Others to Launch New Car, Enhancing Aion Brand Recognition, Helping Firm to Tap into Different Customer Base
Recommend 21 Positive 27 Negative 13 |
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GAC GROUP (02238.HK) is said to launch a new car in November in collaboration with JD-SW (09618.HK) and CATL (03750.HK), Morgan Stanley published a research report saying. The broker believed that this new car is a battery swap version of the existing Aion model, utilizing CATL's technology and will be sold through JD-SW's e-commerce platform. Morgan Stanley believed that, while Aion's profitability turnaround will still take time, the above news will help enhance brand recognition and assist the brand in tapping into different customer bases. Given the significant recovery in GAC GROUP's joint venture with Toyota, which may bring better outlook for its long-term profit prospects, the broker liked GAC GROUP, with a target price of $3.9 and rating at Overweight. AASTOCKS Financial News Website: www.aastocks.com |
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